SARAJEVO (Bosnia and Herzegovina), February 27 (SeeNews) - Bosnia's biggest power supplier EPBiH said it has signed a 69 million euro ($78.4 million) contract for supply of 15 wind turbines with a total capacity of 48 MW with Siemens Gamesa.

Pursuant to the contract, Siemens Gamesa will also build the future wind park at Podvelezje, near the southern city of Mostar and will service and maintain the wind turbines for five years, EPBiH said in a statement on Tuesday.

The wind farm project is financed with the proceeds of a loan from German development bank KfW. The deadline for completion of the project is 21.5 months.

The construction of the wind farm will significantly increase the production of electricity from renewable energy sources at EPBiH, the company said. Estimated production totals some 130 GWh annually.